Top 8 Low Code No Code Trends for 2023
Top 8 Low Code No Code Trends for 2023
Many trends are popping up in this low code no code space and it is hard to know what's real, what isn't and even harder to tell which ones you should focus on. In this blog, you will learn the top 8 trends that are expected to grow in popularity over the next few years.
Low-code no-code developments are helping organizations boost productivity, save time and effort, and development costs. Businesses are shortening the development life cycle of software and applications using low-code trends in 2022.
No-code low-code development platforms are helping technical and non-technical professionals in the organization develop and design applications without writing lengthy codes. The graphical user interface replaces hand-coded software development, enabling non-developers to contribute to application development. The application's functionality is dramatically improved without significance to coding complexity when low code no-code platforms are used.
What is low-code no-code development?
Low-code development means developing software or applications by simple drag-and-drop actions, AI and ML, API and plugin integrations, visual modeling, etc.
Forrester has predicted that more than 65% of large-scale organization-level application development will happen using low code platforms by 2024. The in-house IT department can focus on developing complex solutions without worrying about hand-coding everything. The low code no code market will experience a compound annual growth rate (CAGR) of 22.7% by 2027.
Top 8 No code Low code Trends in 2023
Here are the top 10 low-code no-code trends of 2023 that your business should adopt for software development.
1. Rapid Increase in Web Applications Development Using Low code/ No code Platforms
An organization’s priority is to provide its customers with a consistently excellent user experience to add new revenue sources successfully. Web portals are a proven way of generating revenue by providing a consistent user experience. However, there are specific problems associated with web portals. They are slow and resource hungry compared to their alternatives. It adds to maintenance costs. Recent studies have shown that 82% of large and small-scale organizations have begun to trust no code/ low code development to save their time and resources.
Low code allows them to eliminate the problems of being slow and helps you by providing cost-effectiveness with the far street of development compared to their alternatives. The executive’s belief in low code/ no-code development has flown from 10% to 26% since 2020.
2. More Core Business Softwares Will Be Built Using Low code
Low code enhances the collaborative and robust approach to your application lifecycle. It ensures that the IT and business departments work with excellent collaboration and reduce project failure risk with on-time delivery for business applications.
By 2023 low code/ no code is expected to be the choice of 50% of enterprises for strategic business applications like CRM, LMS. This enormous growth is skyrocketing and forecasts revenue of $ 65 billion by 2027 globally.
3. Microservices Will Further Grow with Low code No Code Platforms
42% of microservices are utilizing low code/ no code for development, and this number is expected to increase to a massive 58% by 2024.
Companies use low code platforms as it accelerates the rate of development of microservice applications. You can use several APIs to reconfigure your monolithic applications into modern microservices with low risk and high impact functions. The appropriate departments can carry it out without involving the in-house IT department. This greatly cuts down the delivery time of applications.
4. IoT Systems & Low Code Will Cross Over
40% automation in the Internet of things trust low code/ no code for development as IoT applications have a complex nature and are meant to process a comparatively large amount of data from the initial to endpoint devices like mobile communication devices, sensors, cars, and many others.
Low code platform helps developers build high-performance mobile applications that convert large amounts of data into content-aware visuals to provide business clients with a robust and rapid experience. The data scientists can use the graphical interface to convert available data into useful applications without needing software engineers.
5. Low Code Will Boost More AI Products
Developers can use the low code intelligent systems to enhance AI and carry out an enhanced image and visual analysis. By the end of 2023, the market is expected to hit $187 billion by 2030 with its constantly increasing utilization of Artificial Intelligence.
Businesses will readily adopt AI technologies when applications are developed based on specific business goals without worrying about complex coding.
6. Business Processes Automation Will Be Replaced with Low Code
Low code platforms help the companies as it allows them to access, use, and share processes, logic, and server-side data. It offers automation and change of workflow business processes and management applications. There are various ways to implement common code platforms using different technologies and a faster speed.
26% of executives named “no-code low-code development platforms” as their most crucial automation investment, which has more than doubled (from 10% to 26%) since COVID-19.
Low code solutions enable the automation of business processes in a short span while integrating seamlessly with existing APIs. By 2024, low code application development will be the root for more than 66% of application development, including approval and Request applications.
7. Rise of Virtual Modeling Platforms Built On Low Code
Low code development platforms provide prompt support with a give-and-take relationship and enormous widespread use of virtual modeling. Businesses are set to utilize virtual modeling platforms built on no-code/ low code platforms with a market share of 60% by 2024.
With virtual modeling, users can use several handy elements and components to save time and increase productivity. You can create mobile and web apps faster with pre-built models and make development easier and more rapid. The emerging class of citizen developers can add more value to the business as they can focus on the functionality of business applications instead of worrying about creating error-free coding.
8. Low Code Will Further Boost eCommerce Market
The global recognition of no-code and low code has reportedly been acknowledged to increase the e-commerce market portfolio by 22 % in this time of digital revolution. The enhanced feasibility is due to the cloud-based rapid and effective management without performing coding operations. The cloud-based tools are always available, making application development highly reliable.
The e-commerce stores are now using no-code/ low code for a quick and reliable development at a low cost. E-commerce marketplaces consume no-code/low code faster than others and expect a massive 80% involvement of citizen developers by 2030. This decade is a decade of constantly developing e-commerce which giants like Amazon and Flipkart once ruled. There has been a surge in the number of running e-commerce marketplaces aided with the promising reliability and rapid utilization of low code and no code developments.
Low-code or no-code platforms enable businesses to build software and applications faster with lesser to no-code. Companies can save more time and costs behind traditional backend and front-end coding and the cost of skilled software engineers. Traditional software development slows down the development life cycle. Businesses can shorten the development cycle and build apps seamlessly with low-code, no-code development.
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